All-in-One Digital Wallets Offer Advanced Personal Security & Convenience as Consumers Become More Familiar with Mobile Payments

CORAL SPRINGS, Florida, May 5, 2015 /PRNewswire/ --

U.S. mobile payments to national brands and local merchants will grow from $52 billion in 2014 to $142 billion by 2019, according to a 2014 Forrester report. Some analysts predict digital payment devices and apps may increase to 47 billion transactions through 2015, up from 29.2 billion in 2013.  Leading smart technology companies in the mobile payment space in focus today are:  NXT-ID, Inc. (NASDAQ: NXTD) (NXTDW), Apple Inc. (NASDAQ: AAPL), Google Inc. (NASDAQ: GOOG), eBay Inc. (NASDAQ: EBAY) and Alibaba Group Holding Ltd. (NYSE: BABA)

NXT-ID, Inc. (NASDAQ: NXTD) (NXTDW), a biometric authentication company focused on the growing mobile commerce market announces a new relationship with Wallaby Financial, a subsidiary of Bankrate, Inc. (RATE) and a recognized leader in mobile and web-based credit card optimization solutions. Under the terms of the agreement, NXT-ID's Wocket® Smart Wallet will become the preferred wallet solution to Wallaby Card Beta List members. The Wocket Wallet and card will offer members the all-in-one card convenience and security envisioned in the Wallaby Card together with enhanced features provided by Wocket. In addition, NXT-ID will integrate Wallaby's Wallet-as-a-Service and CardBase API products to bring deep analytical intelligence to consumer wallets in future products. More than 30,000 Wallaby Financial customers currently on the Wallaby Card waiting list will receive special invitation e-mails to buy a Wocket Smart Wallet and will receive both priority status and a guaranteed price over the next 45 days, as Wocket re-opens sales to consumers, following delivery of its pre-orders.

Read the full NXTD press release at http://www.financialnewsmedia.com/profiles/nxtd.html

Wocket is concluding shipping of its pre-orders to prepaid customers during the month of May and opening sales to its list of registered consumers in June, followed by full-scale release to the general public. Matthew Goldman, Founder and Chief Executive Officer of Wallaby Financial, said, "Our customers love the convenience that Wallaby offers them, but the missing piece has been having all their cards available when they need them. We are excited about this partnership with Wocket because it allows our members to carry all of their membership, payment, rewards, gift cards, and more with just a single card. We're thrilled to give our members an advanced opportunity to enjoy the benefits of Wocket alongside our own solutions."

In other ecommerce - mobile payment news and happenings: Samsung will release Samsung Pay in the second half of 2015, according to statements made by Samsung Electronics managing director Park Jin-young obtained by Korean news site, WhowiredKorea. The company previously said that the service would arrive in the US and South Korea "this summer" on its flagship phones: The Galaxy S6 and Galaxy S6 Edge. Expansion to Europe and China was expected sometime after. Park's "second half of the year" timeline is more vague than Samsung's official "summer" agenda, suggesting that Samsung may be experiencing some delays in rolling out its rival to Apple Pay (NASDAQ: AAPL). Read more: http://www.businessinsider.com/samsung-pay-launching-in-2h-2015-2015-5#ixzz3ZCbtFozS

Maybe you don't keep wads of cash in a mobile app like Google Wallet (NASDAQ: GOOG), but you probably feel better knowing that if you do, up to $250,000 of your money is protected if the financial institution where Google Wallet holds its users' funds go belly up. Say you opened a savings account at a bank that wasn't FDIC insured and they file for bankruptcy, you would need to take them to court to retrieve your money, which could take months or more, and you may not get the full amount returned. If a bank files for bankruptcy that is FDIC insured, you would receive your funds from the government in a much more timelier manner, says Chris Mettler, CEO and founder of CompareCards.com. Read the full article at https://www.depositaccounts.com/blog/2015/05/google-wallet-setting-safety-standard.html

eBay (NASDAQ: EBAY) partnered with Pitney Bowes (NYSE: PBI) to offer a program to make international sales easier for sellers and buyers, and now you can get a sense of how the U.S. processing center operates thanks to a video published by eBay. Seventy million listings - 26% of all listings on eBay - are available to international buyers through the Global Shipping Program (GSP). US sellers ship their GSP packages to Kentucky, where Pitney Bowes processes them for international fulfillment. But this is not like Amazon (NASDAQ: AMZN) FBA - eBay does not store items - sellers only send items after an international sale is made.

After investing in e-commerce properties native to India, China-based juggernaut Alibaba (NYSE: BABA) is rumored to expand even further in the neighboring emerging market. The company purchased a 25% stake in One97 Communications, the parent group for popular Indian mobile payment service Paytm. Alibaba agreed to spend $575 million for the stake, valuing the mobile payment service at $2.3 billion.  See more at http://paymentweek.com/2015-4-8-alibaba-looks-to-expand-in-india-6979/

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